Deutsche Bank AG trimmed its holdings in Del Taco Restaurants Inc (NASDAQ:TACO) by 34.7% in the fourth quarter, Holdings Channel reports. The fund owned 62,677 shares of the restaurant operator’s stock after selling 33,257 shares during the period. Deutsche Bank AG’s holdings in Del Taco Restaurants were worth $624,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in TACO. Legal & General Group Plc lifted its holdings in shares of Del Taco Restaurants by 24.1% in the 4th quarter. Legal & General Group Plc now owns 5,896 shares of the restaurant operator’s stock worth $58,000 after acquiring an additional 1,145 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its holdings in shares of Del Taco Restaurants by 415.3% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 11,250 shares of the restaurant operator’s stock worth $112,000 after acquiring an additional 9,067 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of Del Taco Restaurants by 13.2% in the 4th quarter. Citigroup Inc. now owns 15,141 shares of the restaurant operator’s stock worth $151,000 after acquiring an additional 1,760 shares during the last quarter. Bessemer Group Inc. bought a new stake in shares of Del Taco Restaurants in the 4th quarter worth approximately $160,000. Finally, Algert Global LLC bought a new stake in shares of Del Taco Restaurants in the 4th quarter worth approximately $177,000. Hedge funds and other institutional investors own 82.22% of the company’s stock.

NASDAQ:TACO opened at $11.51 on Monday. Del Taco Restaurants Inc has a 52 week low of $9.45 and a 52 week high of $14.83. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.28 and a quick ratio of 0.24. The firm has a market cap of $422.95 million, a P/E ratio of 20.55, a PEG ratio of 1.47 and a beta of 0.19.

Del Taco Restaurants (NASDAQ:TACO) last posted its quarterly earnings results on Monday, May 6th. The restaurant operator reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.02). Del Taco Restaurants had a net margin of 3.38% and a return on equity of 4.75%. The firm had revenue of $114.20 million for the quarter, compared to the consensus estimate of $114.22 million. During the same quarter in the prior year, the company earned $0.08 earnings per share. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. Equities research analysts expect that Del Taco Restaurants Inc will post 0.5 EPS for the current fiscal year.

A number of brokerages have recently weighed in on TACO. BidaskClub upgraded shares of Del Taco Restaurants from a “hold” rating to a “buy” rating in a report on Friday, January 25th. ValuEngine lowered shares of Del Taco Restaurants from a “hold” rating to a “sell” rating in a report on Wednesday, February 13th. Zacks Investment Research lowered shares of Del Taco Restaurants from a “hold” rating to a “sell” rating in a report on Thursday, April 11th. Wedbush restated an “outperform” rating and issued a $15.00 price objective on shares of Del Taco Restaurants in a report on Friday, February 1st. Finally, Maxim Group restated a “buy” rating and issued a $14.00 price objective on shares of Del Taco Restaurants in a report on Tuesday, May 7th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $14.14.

In related news, SVP David Pear sold 13,500 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $11.85, for a total transaction of $159,975.00. Following the completion of the sale, the senior vice president now directly owns 118,210 shares in the company, valued at approximately $1,400,788.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 16.40% of the company’s stock.

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Del Taco Restaurants Profile

Del Taco Restaurants, Inc develops, franchises, owns, and operates Del Taco quick-service Mexican-American restaurants in the United States. The company's restaurants offer Mexican inspired and American classic dishes. As of December 10, 2018, it operated approximately 560 restaurants across 14 states.

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Institutional Ownership by Quarter for Del Taco Restaurants (NASDAQ:TACO)

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